Ediston Property Investm... Share Discussion Threads

[spectoacc] 26/4/2023 08:27

Specifically asked about timescales, specifically didn't get an answer - anyone else, or any guesses when this review might conclude/lead somewhere? You'd think any bids received would be RNS'd by now, tho talks in the background re mergers might not be.

TRY still pumping away I see (Citywire). If I were to chose a small REIT in need of merger/change of management, TRY would definitely be on the list.

[nickrl] 14/4/2023 17:18

I see another missed opportunity for EPIC as BLND has picked up another retail pk on a 8% yield.

[...]

[cwa1] 12/4/2023 20:09

It's just the uncrossing trade(UT) that happens at the start and finish of (almost)every single trading day, matching buyers and sellers on the book. There's nothing "funny" or illusionary about it. If tomorrow morning's UT is at 67p
it WILL show as being down 1.8p on ADVFN

[kenmitch] 12/4/2023 20:05

Thanks for the explanations. Happy to be put right as how shares are priced I’ve never bothered with. Hence my ignorance. Wondering now if EPIC opens around 67p tomorrow whether that will be shown as a 1.8p share price fall? Not that any of this matters compared with getting clued up on the Investment case for a share or Investment Trust.

[drradcliffe] 12/4/2023 18:34

12-Apr-23 16:35:08 68.80 35,529 Buy* 66.80 67.20 24.44k UT

The last trade went through at what looks like a negotiated price because of its size.

I don't think there is a specific problem on ADVFN, Stockopedia and LSE are all showing the same strong closing price.

[cwa1] 12/4/2023 18:30

The UT was at 68.8p, so that's the closing price

[kenmitch] 12/4/2023 18:19

That strong close is an illusion and it’s happening too often on ADVFN live prices pages.

Check it out.

Actual closing price was 66.8p to sell and 67.2p to buy, but ADVFN show a closing price well above that at 68.8p.

Why? It’s very misleading.

[chubb24] 12/4/2023 16:56

very strong close

[fordtin] 12/4/2023 13:40

thanks ramellous. Does that also apply to Close Brothers?

[ramellous] 12/4/2023 13:23

Hargreaves and Interactive investor are EO, meaning Execution only. They aren’t holding shares as themselves but on behalf of all the thousands of private investors like myself that they hold in our nominee accounts.

[fordtin] 12/4/2023 12:55

All of the top 10 holders (reported as at 28/2/23) have updated their holdings since the review was announced, except; Hargreaves Lansdown, stockbrokers (EO) Interactive Investor (EO) Close Brothers Asset Management //www.epic-reit.com/investor-information/ Does anyone know why these three companies are exempt?




 
 
 
 




Major shareholders
 
 
 
Updated


 
 
 
 
 


Rank(@28/2/23)
Shareholder
 
 
 


1
Columbia Threadneedle Investments
19.00%
40,147,152
30/03/23


2
Quilter Investors
7.71%
16,307,050
30/03/23


3
Hargreaves Lansdown, stockbrokers (EO)
8.93%
 
28/02/23


4
Momentum Global Investment Management
8.49%
17,957,410
05/04/23


5
Investec Wealth & Investment
6.95%
14,686,125
12/04/23


6
Interactive Investor (EO)
5.60%
 
28/02/23


7
Mattioli Woods
3.23%
6,836,304
11/04/23


8
Wise Funds
2.95%
6,251,117
21/03/23


9
Close Brothers Asset Management
2.72%
5,742,996
28/02/23


10
BlackRock
2.93%
6,200,988
04/04/23


 
 
 
 
 


17/03/23
Legal & General Investment Mgmnt Ld
1.64%
3,482,015
17/03/23


17/03/23
Axa Investment Managers
1.06%
2,250,000
17/03/23


21/03/23
Capital International Limited
2.43%
5,140,900
21/03/23


24/03/23
Roy and Jennifer Leckie and children
2.26%
4,784,857
24/03/23


29/03/23
City of Bradford Metropolitan Dis
1.42%
3,000,000
29/03/23


 
 
 
 
 


 
 
 
 
 


 
 
 
 
 


 
 
 
 
 


 
Total
77.32%
 
 


 
 
 
 




Please highlight any errors in the table, tia.

[flyer61] 11/4/2023 18:13

On that basis then how about we take over the management contract.....

economically weak areas....the one in Widnes is not that far from me, its rammed....even poor people like to shop...oh and they have cars. Doesn't fit the BBC's narrative but there you have it.

[m_kerr] 11/4/2023 17:53

realty income corp are triple net lease, solos units only - they won't be interested.

british land have been upping exposure to retail parks, but the sort EPIC own are very much secondary, often in economically weak areas, so i doubt there'd be interest there.

it's the shareholders company anyway. nothing wrong with a £140m market cap company paying 7.50%+ in dividends year in year out if shareholders want that. ediston aren't interested in a sub scale management contract that they can't raise lots of equity and charge a percentage fee whilst their costs stay the same - i.e. getting rich at your expense, without any risk.

[williamcooper104] 11/4/2023 16:34

Yep That's my fear Not the assets, or the balance sheet, but the management

[flyer61] 11/4/2023 16:09

Nice price action....folk waking up to the fact that up and down these isles Retail Parks are doing just fine.

Now watch the board screw it all up.....

[panshanger1] 06/4/2023 11:14

Added a few in the ISA this morning -been waiting for the new tax year !!

[spectoacc] 05/4/2023 13:47

For the duration of this review I bet.

Anyone get an answer as to how long they plan to run it for?

[petersinthemarket] 04/4/2023 18:04

Well now, there's a thing. A double top and a double bottom. Amazing. Does that mean we are doomed to remain in the 62/66p channel for the time being?

[rik shaw] 03/4/2023 07:53

Interesting to see cash offer for Industrial REIT (MLI) announced this morning

[flyer61] 03/4/2023 06:47

Loving the Daily Mail headline today………

[tag57] 31/3/2023 21:14

I had a look down the price action across the REITs sector today and there were a few weird movements both up and down. Maybe down to similar, last trades of the day.

[skyship] 31/3/2023 20:41

Not a true price. Closed at 63.2p-63.6p.

[tag57] 31/3/2023 20:38

Anyone know what caused the drop today?

[dlp6666] 30/3/2023 21:38

For the tally, another decent-enough, if now fairly familiar, email reply from William Hill arrived today:

"Thank you for you email below and taking the trouble to write. The Board is particularly keen to hear from the Company’s smaller shareholders and I would actively encourage you to communicate your views going forward. I can assure you that they will be shared with all the directors and advisors to the Company.

The process we are going through prevents me responding to specific questions on an individual basis so I hope you understand why I cannot respond directly to the confirmations you are seeking. However, as a fellow shareholder I can certainly understand where you are coming from."

(I had asked him to confirm there was a strict cap on costs and timing)